WINAVI: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
WINAVI
Largest movements
- Financial fixed assets -€4.0m
down €4.0m (-67.9%), from €6.0m to €1.9m
- Cash +€197,136
up €197,136 (+71.5%), from €275,742 to €472,878
mainly Investment in fixed assets (net) (+€4.0m) and Net result for the year (+€436,982)
- Receivables within one year +€142,792
up €142,792 (+350.2%), from €40,777 to €183,569
of which Other amounts receivable: +€142,877
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Profit (loss) carried forward -€2.9m
down €2.9m (-63.8%), from €4.6m to €1.7m
- Other debts -€404,932
down €404,932 (-38.0%), from €1.1m to €660,068
- Contributions -€333,885
down €333,885 (-66.8%), from €500,000 to €166,115
- Reserves -€134,415
down €134,415 (-66.8%), from €201,290 to €66,875
- Financial income +€54,471
up €54,471 (+13.5%), from €402,265 to €456,736
- Gross operating margin -€17,863
down €17,863 (-1269.2%), from -€1,407 to -€19,271
- Other operating charges -€480
down €480 (-49.8%), from €964 to €484
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,376,621 | €2,570,447 | -€3.8m | -59.7% |
| Fixed assets | 21/28 | €5,960,103 | €1,914,000 | -€4.0m | -67.9% |
| Financial fixed assets | 28 | €5,960,103 | €1,914,000 | -€4.0m | -67.9% |
| Current assets | 29/58 | €416,518 | €656,447 | +€239,929 | +57.6% |
| Amounts receivable within one year | 40/41 | €40,777 | €183,569 | +€142,792 | +350.2% |
| Trade receivables | 40 | €85 | - | -€85 | |
| Other amounts receivable | 41 | €40,691 | €183,569 | +€142,877 | +351.1% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €275,742 | €472,878 | +€197,136 | +71.5% |
| Total equity and liabilities | 10/49 | €6,376,621 | €2,570,447 | -€3.8m | -59.7% |
| Equity | 10/15 | €5,311,137 | €1,901,057 | -€3.4m | -64.2% |
| Contributions | 10/11 | €500,000 | €166,115 | -€333,885 | -66.8% |
| Reserves | 13 | €201,290 | €66,875 | -€134,415 | -66.8% |
| Distributable reserves | 133 | €201,290 | €66,875 | -€134,415 | -66.8% |
| Profit (loss) carried forward | 14 | €4,609,847 | €1,668,067 | -€2.9m | -63.8% |
| Amounts payable | 17/49 | €1,065,484 | €669,390 | -€396,093 | -37.2% |
| Amounts payable within one year | 42/48 | €1,065,000 | €669,390 | -€395,610 | -37.1% |
| Trade debts | 44 | - | €9,322 | +€9,322 | |
| Suppliers | 440/4 | - | €9,322 | +€9,322 | |
| Other amounts payable | 47/48 | €1,065,000 | €660,068 | -€404,932 | -38.0% |
| Accrued charges and deferred income | 492/3 | €484 | - | -€484 | |
| Other operating charges | 640/8 | €964 | €484 | -€480 | -49.8% |
| Gross operating margin | 9900 | -€1,407 | -€19,271 | -€17,863 | -1269.2% |
| Operating profit (loss) | 9901 | -€2,371 | -€19,754 | -€17,383 | -733.0% |
| Financial income | 75/76B | €402,265 | €456,736 | +€54,471 | +13.5% |
| Recurring financial income | 75 | €402,265 | €456,736 | +€54,471 | +13.5% |
| Profit (loss) for the period before taxes | 9903 | €399,893 | €436,982 | +€37,088 | +9.3% |
| Profit (loss) for the period | 9904 | €399,893 | €436,982 | +€37,088 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €399,893 | €436,982 | +€37,088 | +9.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.